Ushanti Colour Chem Limited — Important, 12-12-2024: Agreements

Ushanti Colour Chem Limited has entered into a deed of assignment with M/s HUF Industries for the acquisition of leasehold industrial land measuring 876 sq. m. in Vatva Industrial Estate, Ahmedabad, for a total consideration of ₹6.25 Crores. This acquisition aims to bolster the company's operational capabilities and aligns with its strategic growth initiatives. The transaction has been approved by the company's Board of Directors and shareholders, maintaining compliance with related party transaction policies as HUF Industries is part of the promoter group. This move could enhance the company's asset base and operational footprint, presenting a positive outlook for future growth.